Global Thermochromic Materials Market, 2014-2025

Global Thermochromic Materials Market, 2014-2025

Thermochromic materials are the kind of composite materials having ability to change their color with change in temperature. Thermochromic materials are generally organic leuco-dye mixtures, composed by the color former, the color developer, pigments, and the solvent. The color former is usually a cyclic ester and determines the base color. The color developer is a weak acid and produces the color change and the final color intensity.

Thermochromic materials can be categories into reversible and irreversible types. The reversible material changes their color by temperature variation. These change in color can be reversed by cooling the material. In contrast, irreversible thermochromic materials exhibit an irreversible color change with peak temperature. It cannot be reversed the color once the change in color. Irreversible color changes over a wide range of temperatures can be obtained by the decomposition of irreversible thermochromic materials such as phosphates, carbonates, and hydroxides. The final color of the irreversible thermochromic material is dependent on both the temperature it is subjected to and the time period over which it is held at a high temperature.

Thermochromic materials are used in building applications can optimize thermal roof performances for different seasons. Thermochromic pigments have been incorporated into building materials, such as common white coatings, colored paintings, also with addition of TiO2, white textile membrane coverings. Irreversible thermochromic materials are widely used in medical & clinical, security inks, packaging, and coating applications.

The global thermochromic materials market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global thermochromic materials market is growing at a fast pace and increasing its geographical footprint rapidly. The global thermochromic materials market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to increasing demand from the packaging, printing and coating end-use industries. Also, the expansion of smart packing industry drives the thermochromic materials market in this region. The major growth driver for thermochromic materials market globally is its properties of color diversity. Also, the rise in consumption of end user industry such as, ink, paint & coating, textiles, building & construction industry, and medical drive the market globally.

Thermochromic materials enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of thermochromic materials market globally. The companies that lead global thermochromic materials market are OliKrom, LCR Hallcrest, Chromatic Technologies, Matsui International Company, New Prisematic Enterprise, GEM'INNOV, Hali Industrial, Kolorjet, QCR Solutions Corp, SFXC, MICI, RPM International Inc, Good Life Innovations LTD, FX Pigments Pvt. Ltd, Smarol Industry Co. Ltd., Kolortek Co. Ltd, and Colourchange.

Research Methodology

The research process includes the market segmentation of the global thermochromic materials market, and market forecasts. The primary identifying the growth determinants of every market segment source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (30%), Asia (45%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

Insights on the global thermochromic materials industry dynamics
Estimation of the present global thermochromic materials market size in terms of value and volume
Global thermochromic materials market breakup based on type and application.
Verified global thermochromic materials market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global thermochromic materials industry value chain